The HKD: Range Against the Machine
The HKD has been pegged at HKD7.80 to the USD for almost 37 years. Since 2005, a range of HKD7.75 and HKD7.85 has been in place. Over those years, the HKD has been subject to various speculative attacks. They have not worked, they cannot work, and we expect the peg to remain in place for the medium- to long-term. VIEW PDF>
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